Aerospace and defense technology provider AIRO (AIRO.US) applies for listing on the US market, planning to raise $100 million.

AIRO Group Holdings, a provider of aerospace, defense, and air traffic technology, submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise $100 million. The company plans to list on the NASDAQ with the stock code "AIRO." Pricing terms have not yet been disclosed. AIRO Group Holdings is a technologically differentiated aerospace and air traffic platform targeting aerospace and defense opportunities in the 21st century. The company's business is divided into four operational departments: drones, avionics equipment, training, and electric air traffic. The company was established in 2020, with revenue of $87 million for the 12 months ending on December 31, 2024.